Could Callinex Mines Inc Change Direction After Today’s Huge Decline?

 Could Callinex Mines Inc Change Direction After Today's Huge Decline?

The stock of Callinex Mines Inc (CVE:CNX) is a huge mover today! About 40,126 shares traded hands. Callinex Mines Inc (CVE:CNX) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
The move comes after 7 months negative chart setup for the $35.52 million company. It was reported on Nov, 30 by Barchart.com. We have $0.55 PT which if reached, will make CVE:CNX worth $3.20M less.

More recent Callinex Mines Inc (CVE:CNX) news were published by: Marketwatch.com which released: “Resource Capital Funds Acquires 18% of Callinex Mines Inc.” on August 06, 2015. Also Juniorminingnetwork.com published the news titled: “Callinex Mines Revises Drilling Program and Provides Update” on September 14, 2016. Juniorminingnetwork.com‘s news article titled: “Callinex Mines Drills 10.3m Grading 13.1% Zn Eq. Including 4.2m @ 20.8% Zn Eq.” with publication date: October 18, 2016 was also an interesting one.

Callinex Mines Inc. is a Canada company, which is engaged in the acquisition, exploration and development of exploration and evaluation of assets. The company has a market cap of $35.52 million. The Firm operates through the exploration and evaluation of its exploration and evaluation assets in Canada segment. It currently has negative earnings. It focuses on carrying out exploration activities on the Flin Flon and Pine Bay properties, for the purpose of identifying copper and zinc rich volcanogenic massive sulfide (VMS) deposits.

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